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The area’s redevelopment started in 2004, when a group of investors purchased an Emery Roth-designed rental building at 1200 Fifth Ave. Units hit the market in 2006 and the developers aimed high, pricing units on average at $1,839 a  square foot, according to StreetEasy.
But it was with 1280 Fifth Ave., at 109th Street, that developers sought to establish the neighborhood as a seamless extension of Carnegie Hill.
We decided that we would relocate uptown from Tribeca where we had lived for the past 18 years because we have a country house in Connecticut and the traffic coming from downtown added 40-90 minutes to the trip.
The numbers, though, suggest that upper Fifth has a ways to go before it catches up with the addresses down by the Met.
The real question, however, isn’t whether upper Fifth has caught up; it’s whether it ever will.
The 115-unit condo tower rising above the Museum for African Art on the northeast corner of Central Park is marking some major milestones these days.
The Museum for African Art in New York City has announced a $3 million grant from the Ford Foundation in support of the final stage of the museum’s construction. The grant brings the total raised through the museum’s $90 million capital campaign to $76 million. Set to open at the end of 2011 with condos for sale for now, the Museum for African Art at 1280 Fifth Ave.
For many city families, being in close proximity to cultural institutions and parks is a top priority.
The Goris family, owner of a small chain of grocery stores in the city, is opening an upscale supermarket at 1660 Madison Ave. The neighborhood, wedged between Carnegie Hill, East Harlem and Central Harlem, went largely ignored by high-end developers. Sales were sluggish through the recession, but now only nine of the units remain, and the developer has achieved pricing of more than $1,700 a square foot, StreetEasy says. The Museum for African Art purchased four floors at the bottom of 1280 Fifth and plans to open around the end of next year with 19,000 square feet of exhibition space, an education center and a theater. Pazzaglini contends his converted building on Upper Fifth has the best of Central Park—without the crowds. Having seen 1280 Fifth Avenue, we fell in love with the views and the proximity to Central Park and the neighborhood is quiet which was also appealing.
The traditional northern border has been 96th Street, but recent years have seen that edge grow fuzzy. Brown Harris Stevens’ Nancy Packes, who’s leading sales at 1280 Fifth, says that, apart from the Stern provenance, the address itself has been one of the big draws, especially among foreign buyers, for whom a world-famous street name is reassuring. According to appraiser Jonathan Miller, Fifth Avenue property above 96th shows a drop-off of up to 10 percent. Head a couple of blocks east on, say, 108th Street, and you’ll very quickly find yourself in an area that’s markedly less affluent than the core Upper East Side.
Having previously occupied spaces on the Upper East Side, in SoHo, and in Long Island City, Queens, the museum will move to its permanent home in Harlem on Fifth Avenue at 110th Street later this year. She has heroically championed this project to ensure the 27-year old museum’s first permanent home is a world-class building worthy of a world-class cultural institution.


It could do for this section of Harlem what the Standard Hotel did for the Meatpacking District – ensure the constant flow of people and positive energy that inspires locals, draws tourists and retail, and leads to area redevelopment and growth. The Central Park Conservancy refurbished this section of the park, but the general condition of 110th St. Financing, land assemblage and potential development partners, one promising an educational facility, came and went and came again.
Nancy Packes, president of Brown Harris Stevens Project Marketing, heads the team marketing the condos.
The developers of 1280 Fifth Avenue, a sleek, new modern building between 109th and 110th Streets in East Harlem, have kept this in mind. The largest living rooms measure 16 x 21 and the kitchens are open, featuring teak cabinetry, deep brown granite countertops, stainless steel appliances and oversized refrigerators, with at least one pantry. Stern-designed condominium at 1280 Fifth Avenue hosted a celebration Wednesday, giving real estate pros and potential buyers a sneak peek (see photos above). Stern condos above a museum, who better to invite over for a party than… supporters of the museum! Alexandra Alicia Shiros, who works as an independent agent, negotiated on behalf of the tenant. Instead, it remained a sleepy, middle-class enclave occupied largely by employees of nearby Mount Sinai Medical Center. Now we get word that a couple (from Tribeca, no less!) has purchased units 8B and 8C to create a 3,200 square foot unit with 3 bedrooms with a study and 4 baths. That’s especially so on Fifth Avenue, where a park view is just as desirable above 96th as it is below—and real-estate people know it. There’s still a premium to the park frontage, though: An address on Fifth adds at least 5 percent to any price, all things being equal (size, views, amenities), putting the area on a par with off–Fifth Avenue real estate in Carnegie Hill below 96th.
Stern-designed complex at 1280 Fifth Avenue is on the verge of going effective—that would be 15% in contract—and buyers will then be able to close and move in. The new building will feature some 15,000 square feet of gallery space, an informal 5,000-square-foot exhibition space, a 245-seat theater, and an educational center. The marketing team for the 116 condominiums, led by Nancy Packes, has a history of selling unique residences that can transform neighborhoods.
While the condo portion is 95% complete with early buyers living in the building, the museum will open late this year.
Made of precast concrete panels, the building shines in sunlight and casts shadows at sunset. Properly landscaped, it could eventually feel like an elevated extension of the park below.
Close to Museum Mile, the building houses The Museum of African Art, and Central Park serves as its front yard. Stern Architects, the exterior features a basketweave skin on the lower half of the building’s 21 stories. While the Museum for African Art, which will open in the adjacent building in 2011, was not available for preview, guests on hand boldly entered the new condo construction — signing waivers before touring the nearly complete building. Brown Harris Stevens Project Marketing did just that last night, opening 1280 Fifth Avenue to 100 prospective customers—er, we mean, friends of the Museum for African Art.


Gordon said that Goris identified a demand a high-end supermarket as the area has been spruced up in recent years.
Donna Olshan, a veteran broker who monitors the luxury market, says only two apartments have had contracts signed at $4 million or more between 96th Street and 125th Street so far this year, compared with 26 south of the 96th Street border. Across the street from Duke Ellington Circle and Harlem Meer, the museum and condo will become a gateway to Harlem, a signal that its art and culture are as important to New York as 59th St., SoHo or Chelsea. Today, after successful condominiums such as 111 Central Park and a new plaza for entering the 2,3 subway station at 110th St. Through it all, Thompson remained focused, putting together the forces to create a successful museum and give it as formidable a home as other local museums, including the Museum of Modern Art, which was also financed expansion by building condominiums.
The building will have cultural impact with marvelous programs, yes, but we hope the entrance invites people in and the design drives visitation.
Three-bedroom three-bath apartments with full views of Central Park are priced just above $3 million. The Upper East Side’s excellent private schools are easily accessible as well; three subway lines, including express service, are just a few blocks away, and four bus lines stop across the street. Bathrooms also feature limestone floors, glass-enclosed, spa-style showers and double sinks. Nancy Packes, who is president of her own, independent development marketing firm, Nancy Packes Inc., and Brown Harris Stevens Project Marketing, the exclusive marketing agency for the building, which was developed by Brickman, said that five units in the 116-unit building have sold, while another six units are in negotiation.
Stern–designed project at the corner of 109th Street, hit the market to much fanfare and promptly broke a local record with a penthouse that fetched $1,700 per square foot.
Indeed, says Miller, apartment hunters may be looking here not for prestige but for the unique inventory—large apartments in well-appointed condo buildings.
That’s a gaudy number for East Harlem, which, some may be surprised to find out, is where the building is located.
Kikoski, who received accolades for his design of The Wright restaurant at the Guggenheim Museum, selected apartment finishes by taking cues from the colors, shades and textures of Central Park.
As part of the deal to purchase the land from the city, developer Brickman will build affordable housing nearby. The design was a deliberate move towards a more modern style, and the American Institute of Architecture has taken notice. Last month, 1212 Fifth Avenue, a conversion of a prewar rental at 102nd Street, began sales; four apartments are already in contract, with 500 people on a wait list, says developer Hal Fetner of Durst Fetner Residential.
Thompson selected Brickman, a midsize developer whose principals work on projects themselves, on the strength of their proposal. The building is also anticipating LEED certification; over 20% of the building’s construction and design materials are made from recycled items, and its landscaped rooftop area uses an irrigation system to conserve water.
The building faces Central Park, and all 116 units either have direct picture window views of the park or face the rest of the city, Packes says.



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